PayPal Launches 'PayPal Here' for Mobile Payments Acceptance

PayPal has announced PayPal Here, a new "global mobile payment solution that allows small businesses to accept almost any form of payment."

They can accept payments by swiping cards with a fully encrypted thumb-sized card reader, or use a phone camera to scan and process cards and checks. It also allows them to invoice directly from the mobile app and, of course, accept PayPal in a brand new way.

Official website with all the details is http://www.paypal.com/here/. The PayPal Blog also has a nice summary post with the mandatory how-it-works video.